Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Did the Commonwealth Games end with the Queen?

Published

on

Victoria, now Alberta in Canada pulls out of the Commonwealth Games, creating big questions for organisers in London.

Alberta, the Canadian province, has withdrawn its bid to host the 2030 Commonwealth Games citing escalating costs. The joint bid, centered around the cities of Edmonton and Calgary, as well as the Tsuut’ina Nation and Enoch Cree Nation, was estimated to cost C$2.7bn (£1.5bn; $2bn), a burden deemed too heavy for the province to bear.

Tourism and Sport Minister Joseph Schow expressed concerns about the funding model, which heavily relied on corporate sponsorships and limited broadcast revenues, ultimately placing 93% of the financial burden on taxpayers. The government aimed to be transparent about funding and ensure a satisfactory return on investment, leading them to decide against continuing with the bid for the 2030 Commonwealth Games.

This decision effectively terminates the bid, as the city of Calgary’s participation was dependent on the province’s support. The Commonwealth Games are a multi-sport event held every four years, with participation limited to the 56 member countries of the Commonwealth, most of which were formerly part of the British Empire.

Notably, earlier this year, Hamilton, Ontario, had suspended its bid to host the 2030 Games due to a lack of government commitments. Additionally, Australia had pulled out of hosting the 2026 Commonwealth Games in Victoria due to budget overruns, leading to disappointment from the Commonwealth Games Federation (CGF).

Despite these setbacks, Scottish First Minister Humza Yousaf expressed a willingness to consider proposals for Scotland to host at least part of the 2026 Commonwealth Games, and Mayor of London Sadiq Khan offered support for a bid to host the event in the capital. However, any final decision on hosting the games would need to be made by the respective governments.

Continue Reading

News

Tasmania AFL team confirmed: Macquarie Point stadium legislation passes

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.

Published

on

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.


Tasmania is officially joining the AFL! After a marathon debate, the Legislative Council has passed the Macquarie Point stadium-precinct legislation 9-5. This milestone paves the way for the Tassie Devils Football Club to join the AFL in 2028, marking a historic moment for Tasmanian sport.

In an exclusive segment of Footynomics: The Business of Sport, Professor Tim Harcourt discusses the significance of this legislation, the social and economic impact of a new AFL team, and why this process took longer than expected.

We also explore what comes next for Tasmania, the AFL, and the broader implications for sports both in Australia and internationally.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#TasmaniaAFL #TassieDevils #AFLExpansion #Footynomics #MacquariePoint #SportsEconomics #AustralianFootball #TickerNews


Download the Ticker app

Continue Reading

News

Australian Dollar hits five-week high amid weak GDP and US Dollar

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.

Published

on

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.


The Australian dollar has surged to a five-week high as disappointing GDP data and a softer US dollar reshape trader expectations. Market participants are closely watching the Reserve Bank of Australia’s next policy meeting to gauge future interest rate decisions.

We sit down with Steve Gopalan from SkandaFX to break down what these developments mean for the Australian economy and global markets. From Q3 growth figures to inflation indicators, Steve explains the key drivers behind the Aussie dollar’s recent gains.

Traders are also keeping an eye on the Federal Reserve’s upcoming policy meeting, as a weaker US dollar could have further implications for the Australian currency. Stay informed with expert insights and what to expect in the weeks ahead.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AustralianDollar #ForexNews #AUD #GDPUpdate #USdollar #InterestRates #RBA #MarketAnalysis


Download the Ticker app

Continue Reading

News

EU launches antitrust probe into Meta over WhatsApp AI policy

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.

Published

on

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.


The European Commission has opened an antitrust investigation into Meta over WhatsApp’s new AI chatbot policy. The inquiry examines whether the policy restricts third-party AI developers from accessing WhatsApp’s business tools, potentially breaching EU competition rules.

Meta updated its terms, effective January 2026, which have already barred new AI providers since October 15. The rules prohibit AI developers from using WhatsApp as their primary service, affecting a number of AI companies looking to integrate with the platform.

The EU’s competition commissioner is considering interim measures to ensure fair competition. If Meta is found in violation, it could face fines of up to 10% of its global annual revenue.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Meta #WhatsApp #EURegulation #AIChatbots #TechNews #Antitrust #DigitalCompetition #MetaAI


Download the Ticker app

Continue Reading

Trending Now